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Allied
Nevada Reactivates Hycroft Mine:
Initial gold and silver production
from the run-of-mine, heap leach
property was announced in the fourth
quarter of 2008 at Hycroft. Total
production for December 2008 was
approximately 1,000 ounces of gold
and 3,000 ounces of silver in a
combination of doré and carbon. The
capital phase of the Hycroft
reactivation project is complete and
mining operations are proceeding as
planned.
The Hycroft mine is now in the
start-up phase of operation and is
expected to achieve monthly
production rates of approximately
7,500 ounces of gold by mid-2009,
for total annual production of
90,000 ounces in 2009.
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